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The KUIK Market Update for Tuesday, January 30: |
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Markets are down. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Down |
(245) |
points |
26,192 |
8:12 AM |
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S&P500 |
Down |
-0.8% |
percent |
2,832 |
0.84 |
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Nasdaq Composite |
Down |
-0.6% |
percent |
7,425 |
(0.46) |
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30 Year Treasury |
Up |
3 |
Basis Points |
2.97 |
Annual Yield |
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Bloomberg reports Amazon.com, Warren Buffett’s Berkshire Hathaway and JPMorgan Chase said they plan to collaborate on a way to offer health-care services to their U.S. employees more transparently and at a lower cost. The three companies plan to set up a new independent company “that is free from profit-making incentives and constraints,” according to a short statement. The move sent shares of health-care stocks down in early trading. |
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Consumer confidence rebounded in January, climbing to 125.4 from December’s revised 123.1. Consumers are generally optimistic about the next six months. Future expectations are near a 14-year high. The present situation index whichi is how Americans feel about the economy right now fell slightly but it’s just a few ticks below a 17-year high. About 90% of Americans expect to benefit from tax cuts, but some wealthier Americans in high-tax states such as New York and California could end up worse off. |
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For a free Social Security and Retirement Analysis go to brcapitalinc.com/kuik. Serving the West Side first, I am Bill Roller for 1360 KUIK. |
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For today’s Market Update Report click to listen-> |
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